Company pick for the day

Lets see at the stock pick – now at company level

MU - MICRON

MU has an impressive run yesterday. We can see that it is closing at higher low. Do note that the volume is not decreasing. We can say that the MU is still very bullish and we can expect higher price coming.

INTC – INTEL

We can see that the INTC is still bullish. Every dip is a buy. The price is followed by low that the day before volume. Thus this create a question? Will the run sustain? Today will be a good indication / confirmation if the volume increase more than yesterday volume with increase in price. Let wait and see.

EVC – Entravision Commuunications Corp

Yesterday a fan of SGWiseInvestors asked me about EVC. Will it run? I told him to buy at resistance turned support at 6. This must be accompanied with high volume. Indeed it closed off with the two indication. This is a buy signal and we can expect it to meet 6.40 resistance soon.

GPRO - GOPRO

Yesterday a fan of SGWiseInvestors asked me about which stock can he buy. He will like to test on accuracy of ME! I am most confident of GPRO will run because the past few days of DIP has now been reversed with a bullish white candle. This stock is currently range bound. We should see it going up and retest 85 again. However, when u see it closing weak or closing below open price, do get out. The run may be over and see downtrend again.

BABA - ALIBABA

Price is increasing uptrend, however you see volume decreasing. This maybe an indication that the price is not sustainable. 120 may be the tip again and the share may reverse unless we see volume increasing. Currently this share is just being pushed by retailers. We want to follow Smart Money as they are the operator of the counter.

YHOO - Yahoo

YHOO is now consolidating sideway. Well the volume is low with yesterday buy action. Today I will like to see an increase in volume and price going higher. This stock is ready for breakout. We should see volume coming soon. Buying at support 52.50 is a good indication that the resistance has turned support and will be making new high. Short Term Target price is 55.

Good Luck Trading

From SGWiseInvestors.